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Accounting industry revenues were down 15% in April to £3.8bn compared with £4.47bn in March, according to a Kingsley Napley analysis of the Office for National Statistics (ONS) data released today (12 June).
It comes as the revenues reported in March were the highest ever monthly figure recorded for the sector, due to a boost from financial year-end activity.
The performance recorded for April 2026 was in line with the average monthly revenues of £3.8bn from last year. It was 4.5% higher than the figures for April 2025 and brings the monthly revenues year-to-date to £4.04bn.
By comparison, revenues in the overall Services sector – which includes the accounting industry – were down 10% month-on-month for the April to March period.
ONS data also shows that the overall economy (GDP) shrank by 0.1% in April compared to March.
Julie Matheson, accounting industry regulatory partner at Kingsley Napley, said: “Today’s numbers are positive after March’s exceptional figures, given they are in line with regular sector performance. They should also be viewed in the context of the wider experience of the services sector and the UK economy where the impact of the Iran war is said to have had a dampening effect.
“Firm leaders should be mindful that the economic outlook continues to be uncertain for a variety of reasons, hence it would be prudent to plan accordingly for the prospect of higher inflation and subdued client activity in the months ahead.”
